I have purchased ProShares, which counter fall in bond prices. These shares have provided great financial insurance during the recent substantial rise of interest rates. It is true that ProShares may be more difficult to understand than "simple" Government bonds, but I understand gain from ProShares versus loss of other investment funds. I also understand the "insurance" cost of ProShares if bond prices were to stay constant. Please do not pass regulations that hamper investment in ProShares and similar funds.
John Feyk Comment On Regulatory Notice 22-08
I have purchased ProShares, which counter fall in bond prices. These shares have provided great financial insurance during the recent substantial rise of interest rates. It is true that ProShares may be more difficult to understand than "simple" Government bonds, but I understand gain from ProShares versus loss of other investment funds. I also understand the "insurance" cost of ProShares if bond prices were to stay constant. Please do not pass regulations that hamper investment in ProShares and similar funds.